Tuesday was Tax Day at the Supreme Court as it was in the rest of the nation, with the justices handing down two tax rulings, including one that could affect big corporations facing tax bills in several states. MeadWestvaco Corp. v. Illinois Department of Revenue was closely watched by revenue-thirsty states seeking to tax multistate and international corporations. The Court sent the case back to Illinois, postponing a determination of important state taxation issues.
April 16, 2008 at 12:00 AM
1 minute read
The original version of this story was published on National Law Journal
Tuesday was Tax Day at the Supreme Court as it was in the rest of the nation, with the justices handing down two tax rulings, including one that could affect big corporations facing tax bills in several states.
Chief Justice John Roberts Jr. took note of the April 15 coincidence as he opened the Court session, announcing that, “Remarkably enough, we have two tax cases to announce today.”
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